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2.0:{ in order to provide financing for the Project, the City <br />shall the~c~7'<)re issue and sell Bonds in the amount of $2,304,000. In <br />order to t,Y.-~v:-de :in ~rt; the additional interest required to market <br />the Bond~ ~i~ this time, additional Bonds shall be issued in the amount <br />of $46,0(~(i,, Any excess of the purchase price of the Bonds over the <br />s~ of ~:~ '~04..000 shall be credited to the debt service fund for the <br />Bonds ~o~. t:h.,::~, purt~se of paying interest first coming due on such <br />additional ~:ds. The Bonds shall be issued and sold in accordance <br />with t:be t.~.~.,-,~.~ of the attached Official Notice of Sale: <br /> <br /> 2.02, '!'t:,e City /V~inistrator is authorized and directed to <br />adve~tisc 'L!]~-~ Bonds for sale in accordance with the foregoing Official <br />Notice o~~ S~'I ~_~ and to cause the abbreviated notice of sale attached <br />hereto a:i; ~::~h:b_it A, to be pub].ished in the manner required by law. <br />The City (~Y.m<:Jl shall meet on Tuesday, September 23, 1986, at 7:30 <br />o'clock 'f)~m,~ for the purrs)se of considering sealed bids on the Bonds <br />and tak;ir,.(.! ~, other appropriate action. <br /> <br />~ne moti~ i::<a the, adoption of the foregoing resolution was duly <br />seconded ~!V (~.t,ncJ.lmember Sorteberg and upon vote being taken thereon, <br />the folI~<in.q voted in favor t3~ereof: <br /> <br />and i:he :i [,I,=~-~..,]nq. . voted against the ~me.. <br /> <br />and f/he J(>] !~,~.;:i~].g abstained: <br /> <br />NO <br /> <br />an(!{ the [~ . ~ ~,,:i n9 were ~:)sent: <br /> <br />NO ~ !e <br /> <br />whereup)~ ' '~: <br /> ,~..~.~ resolution was declared duly passed and adopted by the <br />Ramsgy <::i'[V ¢:.,.~mci]. this the 2nd day of September, 1986. <br /> <br /> <br />